The U.S. Small Business Administration has already forgiven more than 1.1 million Paycheck Protection Program (PPP) loans for over $100 billion, providing an extraordinary amount of critical relief to America’s small businesses just 3 months since the earliest PPP borrowers’ covered periods ended. “Today’s news is a key indicator that the PPP is working for all small businesses across our Nation,” said SBA Administrator Jovita Carranza. “For any eligible small business continuing to … [Read more...] about 1.1 Million Paycheck Protection Program Loans Forgiven So Far Totaling Over $100 Billion
PPP
Loans Helping Local Establishments Weather the COVID Storm
Joany Cole was excited to expand her brewpub business by opening a second location in Prescott. A week later, the pandemic hit. Cole and her husband, Brian, had just signed a new lease and taken out a line of credit for a second location on Marina and Sheldon streets in Prescott. Shortly after, they were told they had to close their doors for dine-in service because of the pandemic. The couple own Lonesome Valley Brewing in Prescott Valley, a brewpub they started in 2013. “Literally a … [Read more...] about Loans Helping Local Establishments Weather the COVID Storm
Small Businesses May Still Apply for Paycheck Protection
Funds are still available to small businesses through the second round of the Paycheck Protection Program. The Paycheck Protection Program (PPP) provides loans designed to encourage small businesses to keep their workers on the payroll. Small businesses, sole proprietors, independent contractors and self-employed persons apply for the PPP loans through their banks. Lenders in Northern Arizona, like Neil Wesson at Foothills Bank, are staying busy processing PPP applications. “We have been … [Read more...] about Small Businesses May Still Apply for Paycheck Protection
McSally Calls on Big Companies to Return Relief Loans Intended for Small Businesses
U.S. Senator Martha McSally (R-AZ) joined Fox and Friends this morning and called on large businesses with access to capital to return their relief loans so small businesses and mom-and-pop shops can access vital funding. She also spoke about U.S. posture toward Iran. Watch her interview HERE. See excerpts below: STEVE DOOCY: Right and that's why it’s so frustrating, senator, that they already ran out of money early and then it comes to light that places like Shake Shack which has got a … [Read more...] about McSally Calls on Big Companies to Return Relief Loans Intended for Small Businesses